...has served the public interest by creating wealth, primarily by selling worthwhile goods and services for a profit. This encourages Wal-Mart expand their business to international markets. Today, Wal-Mart’s customer base no longer targets only low income customers and has expanded into targeting African-Americans, the affluent, empty-nesters, Hispanics, suburbanites, and rural residents. As such, Wal-Mart took a holistic approach to changing its mission statement to “we save people money so they can live better” to appeal to a broader customer base. By expanding the target customer base, the retail giant has strategized to appeal to a mixed demographic which out performs other rivals. Wal-Mart’s net sales over the last 3 years have increased consistently with an increase in 2012 of 5.9% year over year. Wal-Mart’s performance and shareholders are inter-related, shareholders are concern about company performance because it will affect shareholders interests if company not doing well in their business. Wal-Mart main focus is to uphold and maintain it responsibilities to shareholders and follows free the market libertarianism model. Milton Friedman model was that Corporate Social responsibility a corporation to provide profit for it shareholders. Wal-Mart does not look at people welfare as one of the things that they need to promote they look at as cost of doing business. They are keeping the wages low to keep the profits. Employees constant complaining about job related...
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...Topic: Industry/Strategy Analysis for YUM Brands Introduction Yum Brands based in Louisville, Kentucky, is one of the world’s largest restaurant companies with over 41,000 restaurants in more than 125 countries and territories. Primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the “Concepts”), the Company develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of competitively priced food items. Their restaurant brands – KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican-style food categories. Their goal is to continue to build three global, iconic brands that people trust and champion. They are evolving KFC, Pizza Hut and Taco Bell into more relevant, engaged, connected and caring global brands. Industry/Strategy analysis Industry Analysis Demand Even though US encounters cautions consumer spending, sluggish economic growth in the first quarter of 2014, customers’ demand in the restaurant industry is still stabilizing after years of declines, which can be found from the recent US sales trends. According to S&P industry surveys, the largest US restaurants as a group continued to recover in 2013 from the great recession. There are a number of reasons discussed as following: First, fast-food restaurant consumption is an important lifestyle for each individual. Restaurants are offering products and services that consumers actively seek out and enjoy;...
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...minimising food waste in the supply chain of the future Prepared for: CHEP Australia June 2013 Issue: Version: 3.0 3.0 Authors: Dr Karli Verghese Dr Helen Lewis Simon Lockrey Dr Helen Williams Executive summary CONTACT Centre for Design School of Architecture and Design RMIT University GPO Box 2476 Melbourne VIC 3001 Tel: + 61 (03) 9925 3484 Fax: + 61 (03) 9639 3412 ACKNOWLEDGEMENTS Dr Stephen Clune’s (RMIT) background work into food waste and input into project scope. The research team are also grateful to the stakeholders from the food and packaging supply chain who participated in the interviews. Final report: The role of packaging in minimising food waste in the supply chain of the future Version: 3 Page 1 Executive summary Table of Contents Research Partners ................................................................................................................................ 3 Executive Summary .............................................................................................................................. 4 1 Introduction – the significance of food waste and the role of packaging ........................................ 6 1.1 Research aims and approach .................................................................................................... 6 1.2 Research method ....................................................................................................................... 7 1.3 Food security and waste ......
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...COMPANY PROFILE Ikea Group REFERENCE CODE: 6878C795-4BCB-4C85-A319-6F33C508FD80 PUBLICATION DATE: 14 Aug 2014 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. Ikea Group TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts...............................................................................................................3 SWOT Analysis.....................................................................................................4 Ikea Group © MarketLine Page 2 Ikea Group Company Overview COMPANY OVERVIEW Ikea Group (Ikea or 'the group') is an international home products retailer. It sells furniture, accessories, and bathroom and kitchen items. Ingka Holding BV, a wholly-owned company by Stichting Ingka Foundation, is the parent company for the Ikea group of companies. The foundation is owned by the Kamprad family. As of August 31, 2013, the group had operations in 43 countries across Europe, North America, Asia and Australia. Ikea is headquartered in Delft, the Netherlands, and employed 135,000 people as of August 31, 2013. The group recorded revenues of E28,506 million (approximately $37,280.1 million) during the financial year ended August 2013 (FY2013), an increase of 3.2% over FY2012. The operating profit of the group was E4,011 million (approximately...
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...Individual Assessment SM0269 Global & International Business Context Nurhuda Binte Md Yassin Student ID: 12034616 Word count: 3,189 words INTRODUCTION This report aims at facilitating the company’s decision-making process concerning the consideration of expanding its international operations in food retailing to South Africa. The overall competitiveness and investment attractiveness will be based on the extended version of Porter’s National Diamond and supplemented with key management issues of South Africa food retail industry, to which the company can tailor its strategy. The analysis recommendations will be made, that need to be considered by the company before deciding in opening its operations in South African food retail industry. Brief Summary of South Africa Food Retail Industry |South Africa, a growing retail market with a population of around 49 million people, possesses a modern infrastructure supporting relatively | |efficient distribution of goods to urban centres, townships and rural areas throughout South Africa and Southern Africa (Ntloedibe, 2010). South | |Africa have been identified among the ten new markets most likely to appeal to multinational store groups, along with four other African countries -| |Algeria, Kenya, Morocco and Nigeria (Ventures Africa, 2012). ...
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...Green Supply Chain Management Environment Management Project Group Members: Smruti Ranjan Dora F016 Ishan Mittal F036 Deepankar Mukherjee F037 Pratik Nandekar F040 Akash Pandey F044 Kriti Talwar F064 Contents 1. INTRODUCTION ....................................................................................................................................... 3 2. Globalization and Greening the Supply Chain: ....................................................................................... 3 3. Marks and Spencer ................................................................................................................................. 4 3.1 Background ......................................................................................................................................... 4 3.2 Supply Chain Understanding ............................................................................................................... 4 (i) Issues ................................................................................................................................................. 4 3.3 Drivers for GSCM................................................................................................................................. 5 (i) ‘Brand Trust’ ...................................................................................................................................... 5 (ii) Operating Cost........................................................
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...------------------------------------------------- TERM PAPER ------------------------------------------------- OF Operation management ON (SUPPLY CHAIN MANAGEMENT PRACTICES OF VARIOUS RETAIL CHAINS) TERM PAPER MORE FREE TERM PAPERS ON SITE: www.BesplatniSeminarskiRadovi.com Introduction: Supply chain management (SCM) is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers. Supply Chain Management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. It defines SCM as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally." A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. Supply chains exist in both service and manufacturing organizations, although the complexity of the chain may vary greatly from industry to industry and firm to firm. Supply chain...
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...‘‘Our dedicated employees again have once again made a significant contribution to our progress, against a difficult economic backdrop. I would like to personally thank them for their hard work, loyalty and professionalism.'' Foyle Food Group is very much a people’s business and they are committed to attracting and developing the best talent to drive their future growth. The groups business operates of the base of providing very high customer service levels with the performance of our employees being vital to their delivery. Morden, well invested meat packing plants The group has well invested modern facilities and has invested over £110 million over the last 7 years to increase packing capacity, so as to be able to service its customers planned growth, whilst ensuring that is packing facilities are kept at a state of the art level, both in terms of packing speeds, in order to progressively reduce unit costs and to continuously improve product quality, whilst reducing the...
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...What is Corporate Social Responsibility (CSR)? Though there is no universal definition of corporate social responsibility, it generally refers to transparent business practices that are based on ethical values, compliance with legal requirements, and respect for people, communities, and the environment. Thus, beyond making profits, companies are responsible for the totality of their impact on people and the planet. “People” constitute the company’s stakeholders: its employees, customers, business partners, investors, suppliers and vendors, the government, and the community. Increasingly, stakeholders expect that companies should be more environmentally and socially responsible in conducting their business. In the business community, CSR is alternatively referred to as “corporate citizenship,” which essentially means that a company should be a “good neighbor” within its host community. About Tesco Plc Tesco public limited company is a British multinational grocery and general merchandise retailer. It’s headquarter is situated in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues and the second-largest measured by profits. It has stores in 14 countries across Asia, Europe and North America, Malaysia, the Republic of Ireland, Thailand and is the grocery market leader in the UK capturing around 30% of the market share. The company was founded in 1919 by Sir Jack Cohen as a group of market stalls. The Tesco name first appeared...
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...economic outlook, leading international companies across diverse sectors are investing heavily in sustainable products and services. Others are making cross-industry partnerships to develop next generation products such as the elusive mass market electric car. Some are even enhancing their business models through mergers and acquisitions that seek to address, and capitalise on, sustainability trends. Drivers of Sustainability A number of factors are driving the adoption of corporate sustainability programmes in the global business community: * Regulatory Mandates: Growing regulatory pressures compel companies to reduce greenhouse gas emissions, industrial effluents, and other environmental hazards. * Operational Cost Efficiencies: Rising raw materials and energy prices incentivize businesses to invest in waste recycling, waste-to-energy, water conservation and related technologies. * Reputational Risks: Increasing scrutiny of corporate conduct induces managers to engage environmental, social and human resource problems that might damage the company’s public standing. * War for Talent: Intensifying global competition for talented employees boosts the value of corporate sustainability as a mechanism to attract and retain skilled workers. * Global Economic Shifts: Changes in the global economy (rise of emerging markets, demographic shifts, technological advances,...
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...economic outlook, leading international companies across diverse sectors are investing heavily in sustainable products and services. Others are making cross-industry partnerships to develop next generation products such as the elusive mass market electric car. Some are even enhancing their business models through mergers and acquisitions that seek to address, and capitalise on, sustainability trends. Drivers of Sustainability A number of factors are driving the adoption of corporate sustainability programmes in the global business community: * Regulatory Mandates: Growing regulatory pressures compel companies to reduce greenhouse gas emissions, industrial effluents, and other environmental hazards. * Operational Cost Efficiencies: Rising raw materials and energy prices incentivize businesses to invest in waste recycling, waste-to-energy, water conservation and related technologies. * Reputational Risks: Increasing scrutiny of corporate conduct induces managers to engage environmental, social and human resource problems that might damage the company’s public standing. * War for Talent: Intensifying global competition for talented employees boosts the value of corporate sustainability as a mechanism to attract and retain skilled workers. * Global Economic Shifts: Changes in the global economy (rise of emerging markets, demographic shifts, technological advances,...
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...1 Retail logistics: changes and challenges John Fernie and Leigh Sparks It is often taken for granted that products will be available to buy in the shops. The cornucopia of goods that is available in a hypermarket or a department store sometimes means that we forget how the products were supplied. We expect our lettuces to be fresh, the new Playstation to be available on launch day and our clothes to be in good condition and ready to wear. With the introduction of e-commerce we have come to demand complete availability and home delivery at times of our choosing. Consumer beliefs and needs have altered. Our willingness to wait to be satisfied or served has reduced and we expect instant product availability and gratification. It should be obvious from this that the supply or logistics system that gets products from production through retailing to consumption has also needed to be transformed. Physical distribution and materials management have been replaced by logistics management and a subsequent concern for the whole supply chain (Figure 1.1). This logistics transformation derives from cost and service requirements as well as consumer and retailer change (see Fernie, 1990; Fernie and Sparks, 1998). Elements of logistics are remarkably expensive, if not controlled effectively. Holding stock or inventory in warehouses just in case it is needed is a highly costly activity. The stock itself is expensive and might not sell or could become obsolete. Warehouses and distribution...
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...macro, meso and micro business environment of Tesco, one of the largest food and grocery retailers in the world, operating around 4,331 stores. Strategic evaluation tools such as PESTEL, Porter’s Five Forces, SWOT and Value Chain analysis have been used by researchers in order to achieve this aim. Tesco – Company Overview Tesco is among the largest food retailers in the world with revenue in excess of £54 billion in 2009 and employing over 470,000 people . They operate approximately 4,331 stores in 14 countries around the world. The company operates primarily in the USA, Europe and Asia and their Head Office is based in Hertfordshire, UK. According to Datamonitor (2010), the commercial network portfolio of Tesco comprises : over 960 Express stores which sell approximately 7,000 products including fresh foods at suitable localities ; 170 Metro stores which sell a variety of food products in town and city centres; and 450 superstores which sell both food and non-food items including books and DVDs. Tesco also provides online retailing services through their website tesco.com and Tesco Direct . In addition, they provide broadband I nternet connections and financial services through Tesco Personal Finance (TPF). Tesco was founded in 1919 and launched its first store in Edgware, London, UK in 1929 (Tesco, 2010); however, over the decades it has evolved to become the market leader within the UK food retail segment (Datamonitor, 2010). The comparative positioning of Tesco’s market...
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... Wal-Mart Stores, Inc. is an American public corporation that runs a chain of large discount stores and a chain of warehouse stores. It is the world largest public corporation by revenue, according to the Forbes Global 2000. Wal-Mart has 8500 stores in 15 countries, with 55 different names. The company operates under its name in the United States, including 50 states. Wal-Mart operates in Mexico as Walmex, in the United Kingdom as Asda, in Japan as Seiyu and in India as Best Price. It has wholly owned in operation in Argentina, Brazil, and Canada. Wal-Mart investment outside North America have had mixed result: it operation in the United Kingdom, South America, and China are highly successful, while it was forced to pull out of Germany and South Korea when ventures there were unsuccessful. Wal-Mart operates in three business segments - Wal-Mart U.S., International, and Sam's Club. For fiscal 2010, Wal-Mart U.S. accounted for 63.8% of total net sales, the International segment generated 24.7% of the company's net sales, and Sam's Club accounted for 11.5% of net sales. International competitiveness Internal analysis – Micro environmental factors affecting international sales P.E.S.T analysis – Macro environmental factors affecting international sales. Fortune magazine front cover featuring Wal-Mart. Conducting business internationally will never be easy as doing business at home. It is likely to stretch managerial skills and resources to...
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...combination of discovery, invention and collaboration. This rich history includes the very birth of the soft drink in 1783, when Jean Jacob Schweppe perfected the process for carbonating water and created the world's first carbonated mineral water. Dr Pepper and Snapple, the flagship brands of DPS, have origins that share Schweppe's entrepreneurial spirit. Charles Alderton, a young pharmacist in Waco, Texas, invented Dr Pepper in 1885. It was served at the drug store where Alderton worked and the first Dr Pepper fans asked for a "Waco." The oldest soft drink in the United States, it was later named Dr Pepper, according to legend, after Dr. Charles Pepper, a friend of the drug store owner. Nearly 100 years later, three New York-area health food storeowners created a unique apple soda they named Snapple. They began selling the original...
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